New Development Bank

Topics Covered: Important International institutions, agencies and fora, their structure, mandate. New Development Bank: Context: New Development Bank has approved infrastructure projects worth 741 million dollars in India. About the New Development Bank: It is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa). It was agreed to by …

New Development Bank

Topics Covered: Important International institutions, agencies and fora, their structure, mandate. New Development Bank What to study? For Prelims and Mains: NDB- roles, composition, objectives and functions. Context: Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the Special Board of Governors meeting of the New Development Bank (NDB) through video-conference. The agenda included the …

New Development Bank

Topics Covered: Important International institutions, agencies and fora, their structure, mandate. New Development Bank What to study? For Prelims and Mains: NDB- roles, composition, objectives and functions. Context: Finance Minister of India recently attended the 5th Annual Meeting of the Board of Governors of the New Development Bank through video-conference. About the New Development Bank: It …